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Leave balance on secured credit card

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Galena Guest	Posted: Mon Oct 10, 2011 12:51 am    Post subject: Leave balance on secured credit card Like 0 Dislike 0 Hi there… I'm finally going to own my first secured credit card. I have decided to use this only for buying gas and then pay it off each month. However, one of my friends suggested that it's best to leave a balance. Is it the right thing to do? How soon will I see an increase in my scores?? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Mon Oct 10, 2011 1:19 am    Post subject: Like 0 Dislike 0 I personally feel that it will be better if you could pay off the balance in full. This will help you in managing your credit card debts well and you will be able to increase your scores. It might take some time for you to find an increase in your credit scores. _________________ Good is the Enemy of Great.
joshuaheckathorn Joined: 09 Feb 2010 Posts: 106 Location: Seattle, WA 18.81 Dollars($)	Posted: Mon Oct 10, 2011 1:27 pm    Post subject: Like 0 Dislike 0 NO!!! Why do friends tell friends these sorts of things? This is one of the worst credit myths, so let me be clear. Leaving a balance on credit cards will not help you build credit faster. Always pay your balances in full and on time- that's the best thing you can do for your credit scores. _________________ Creditnet.com: Compare the best credit cards and apply securely online.

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